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The Singapore Art Market
Transcript of The Singapore Art Market
South-East Asian city state
Former British colony
Highest density of millionaires, HNWIs
Infrastructure / Enablers
Individuals / Family offices
Patron of the arts
Investors, Art Funds
Art as an investment asset
e.g. Strategic Art Fund
Art Investment Brokerage
e.g. Art Futures Group
Fund of funds, but not really taking off
THE ART ECO-SYSTEM
Strong rival markets (Hong Kong)
'Cash poor, asset rich'
South East Asia, South Asia markets
Low to middle end prices
33 Auction, Borobudur, Larasati
Art Stage Singapore
Affordable Art Fair
Shipping and transport
Storage- Singapore Free Port
National Arts Council
Economic Development Board
Who are the artists?
Local [La Salle, SOTA, NFA]
SEA, Chinese, International
How are they being represented?
Museums (not for profit)
1. Supply 3. Intermediaries
2. Demand 4. Infrastructure
Tan Swie Hian
When the Moon is Orbed
Singapore- January 2013 auction sales
Combined sales USD14.1m
Bought-in rate 21%
School of the Arts (SOTA)
La Salle School of the Arts
National Museum of Singapore
Gillman Barracks- international galleries
Asia-Pacific millionaires' passion investments
Source: The Asset